So you can enjoy easy and effortless budgeting, you can now automatically split your salary and other incoming payments between your sub-accounts!
This new feature will solve your budgeting problem directly from the source! Once you get paid, you choose how much you’d like to transfer between sub-accounts one time, and you’ll never have to worry about it again.
In other words, automatic budgeting to finally help you reach your Saving Goals!
You’ll only spend money you can spend!
Sorting incoming payments will help you budget and save before you know it, just by splitting your monthly salary between your sub-accounts for rent, health insurance, household items and extra costs. You’ll never have to worry about misspending your rent money ever again!
How does the payment sorter work in the bunq app?
This feature can be used for any recurring incoming payment, like a salary or a payment made regularly from a friend, relative or organization.
When you receive your salary, you only need to set it up once, and you’re set. You can also enable it at another time by following the steps below:
- Go to Me tab
- Select the desired account
- Select the desired payment
- Tap on +
- Select sort
- Select next
- Select the amount you want to be forwarded to the different account and confirm
You can check all your sorted payments by going to the desired sub-account and tapping on the three dots in the right corner of your screen. Select Auto Sorted Payments.
Can Business users sort their payments while AutoVAT is enabled?
Yes! These can both be enabled at the same time. If both are set up, AutoVAT will be deducted first and the rest of the amount will be sorted according to your preferences.
Who can sort payments automatically?
You will be able to easily split your salary or any recurring incoming payment with a Premium, Joint or Business membership.
What if the amount differs from one month to another?
That’s not a problem! As long as the amount is high enough to make the sorting possible, the payment sorter will do its job and transfer the amounts you chose to all the sub-accounts concerned.
Read more about the Payment Sorter on our blog 🌈
Want to learn more?
Explore more bunq knowledge here. 🌈